Economy

A former official with the Central Bank of Iran argues that commercial banks were forced during the previous administration to invest in non-profitable projects and are now more cautious with…

Parliament’s budget and planning committee has supported the government saying that it did not withdraw $4.1 billion from the sovereign wealth fund as claimed by a report earlier.

Financial Tribune recently covered the prospect of zero import tariffs on electric and hybrid cars to Iran. In our assessments of this burgeoning industry we noted that in theory it would be…

Mellat Bank has been the only bank to effectively reduce its non-performing loans (NPL) during the past year, CEO of Tarh Andisheh Behsaz Mellat Co. Naser Tahbaz announced. The company which…

Head of the Trade Promotion Organization of Iran (TPO), Valiollah Afkhamirad called on all executive organizations to pave the way for easing exports, SHANA reported on Tuesday.

Iran and Jordan have vast capacities for cooperation in different areas, including economy, energy and oil, Saeed Ansari, vice-chairman of the Iranian Parliament’s Energy Commission said in his…

The fourth coordination meeting of Iran-Ukraine Joint Committee was held on Tuesday, IRNA reported. Head of the Trade Promotion Organization of Iran (TPO) Valiollah Afkhamirad and the attaché of…

Iran’s gross domestic product (GDP) grew by 4 percent in the first half of the current Iranian calendar year, which began on March 21, compared with the similar period last year, according to…

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has asked the parliament to cooperate with the Rouhani administration on National Development Fund of Iran (NDFI)’s portion of oil…

To complete semi-finished projects, Minister of Industries, Mine, and Trade Mohammad-Reza Nematzadeh told industrialists to start trade partnership and open credit lines (LC) in lieu of waiting…

Russia has imported its first shipment of Iranian shrimp, Minister of Agricultural Jihad Mahmoud Hojjati announced in Bushehr as reported by IRNA on Tuesday.

According to the Statistical Center of Iran, the largest number of construction permits have been issued in the two provinces of Tehran and Isfahan, ISNA reported on Monday. The report went on to…

More than 850 thousand tons of commodities have been exported to Iraq via Chazzabeh border terminal during the first nine months of the current year (March 21- December 21), which illustrates a…

Deputy minister of roads and urban development Ahmad Asghari Mehrabadi says 90 percent of Mehr housing units will be completed by the end of next year (March 20, 2016), ISNA reported on Monday. “…

All sectors are connected to petrochemical industries one way or another, Mohammad Hassan Peyvandi, vice-director of national petrochemical company said on Sunday. “Nowadays basic needs of human…

Head of Iran’s chamber of commerce, mines, industries and agriculture, Gholam Hossein Shafeie, has called for the establishment of Iran-Bangladesh Trade Committee, saying that the body can play an…

Increasing the share of railroads in domestic transportation by 20 percent until 2025 requires more than 350 trillion rials ($12.9 billion at official exchange rate) in investment, Minister of…

The issue of oil price in Iran’s next budget (stating March 22) is still a source of controversy among  business leaders, statesmen and lawmakers as falling crude in the international market…

The weakening of the Iranian currency against the dollar during the month ending December 21, created a 4 percent profit for export-oriented industries, based on a report released by Eqtesadnews…

Dairy manufacturers are selling their products at cheaper prices a few days before their expiry date, due to the dramatic fall in domestic consumption, ISNA reported on Monday. Following the…

More than 70 Iranian cement companies produced 56.8 and 51.6 million metric tons of clinker and cement respectively during the first 9 months of the current Iranian year (to end March 20),…

Tehran Stock Exchange (TSE)'s overall index snapped its heaviest 12-day losing streak at Monday's close, amid signals indicating positive support from both the cabinet and the administration to…

More than 25.7 million metric tons of iron ore concentrate and iron ore pellets were produced during the first 3 quarters of the current Iranian year (from March 21 to December 21, 2014), IRNA…

The prospect of the Fifth Iranian Conference on the steel and mine industry, which is due to be held on January 27-28, is already stirring the nerves of some industry commentators and analysts.…

Deregulation is needed for commercial lenders so that they can invest in the economy, said a top banking expert to IRNA.

“Investment by banks should become more liquid so as to help lift…